Saudi Businessman Fights Jurisdiction In £28M Debt Suit

By Alex Baldwin (July 25, 2022, 5:13 PM BST) -- A Saudi businessman denies a claim from an HSBC affiliate that he owes the bank £28.1 million ($33.8 million) to clear debts for a trading group, arguing that the English courts don't have jurisdiction over the contract dispute.

Badr bin Fahad bin Ibrahim Al Dawood told the High Court in a July 18 defense that the agreement he signed with the Saudi British Bank for four credit facilities dictates that any disagreements should be settled by Saudi Arabia's Banking Disputes Committee.

Al Dawood said that the bank's claim filed in April 2020 relies on inaccurate or partially quoted translations of the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!